| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 21st | Poor |
| Amenities | 38th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 318 Bluffview Dr, Brownwood, TX, 76801, US |
| Region / Metro | Brownwood |
| Year of Construction | 2003 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
318 Bluffview Dr, Brownwood TX Multifamily Investment
Positioned in an inner-suburb pocket of Brownwood with steady renter demand and improving neighborhood occupancy, this 76-unit asset offers stable cash flow potential, according to WDSuite’s CRE market data. The investment angle centers on workforce housing dynamics and location convenience rather than luxury-driven rent growth.
The property sits in a Brownwood inner-suburb neighborhood rated B and ranked 9th among 21 metro neighborhoods — competitive within the local set. Grocery and restaurant access is a relative strength, with neighborhood amenity density placing in the top tier locally and above national mid-range benchmarks, supporting day-to-day convenience for residents.
Neighborhood occupancy is in the high-80s and has trended higher over the past five years, signaling demand resilience for rental housing based on CRE market data from WDSuite. A majority of housing units are renter-occupied, indicating a deep tenant base that can support leasing stability for multifamily operators. Median rents remain comparatively modest for the metro, which helps sustain retention.
Vintage context: the asset was built in 2003 while the neighborhood’s average construction year skews slightly newer. Investors should plan for targeted capital improvements and modernization to remain competitive versus newer stock, creating potential value-add upside from operational and physical upgrades.
Demographics within a 3-mile radius show households have increased even as population edged slightly lower in the prior period, pointing to smaller household sizes and a broader renter pool. Forward-looking projections in WDSuite indicate additional household growth, which expands the tenant base and supports occupancy stability. School quality averages sit below national mid-range levels, and limited parks/childcare options nearby suggest the appeal leans toward workforce renters rather than top-of-market family demand.
Home values in the neighborhood are comparatively low for the region, which can introduce competition from ownership alternatives. However, rent-to-income levels indicate manageable affordability pressure for renters, supporting lease retention while implying measured, operations-driven value creation over outsized pricing power.
Neighborhood-level crime statistics were not available in WDSuite for this location. Investors should benchmark safety perceptions and trends against Brownwood and Brown County aggregates and review recent trend data and on-the-ground observations to assess tenant retention and leasing risk.
Employment access in Brownwood supports workforce housing demand; WDSuite does not list nearby corporate offices with measured distances for this address. Investors may consider commute patterns to local healthcare, education, and light industrial nodes when evaluating leasing depth.
318 Bluffview Dr offers a practical workforce housing thesis: a 2003-vintage, 76-unit property positioned in a competitive Brownwood neighborhood with improving occupancy and a majority renter-occupied housing base. According to CRE market data from WDSuite, amenity access for groceries and dining outperforms many local peers, while rent levels remain modest enough to support retention and stabilized operations.
Key considerations include light value-add potential to keep pace with slightly newer neighborhood stock, thoughtful lease management given accessible homeownership options, and demand supported by household growth within a 3-mile radius. The result is an operations-first investment profile emphasizing occupancy stability, steady leasing, and targeted capital planning over speculative rent spikes.
- Competitive inner-suburb location with rising neighborhood occupancy supporting stabilized operations
- 2003 vintage with potential for targeted renovations to outperform slightly newer local stock
- Majority renter-occupied housing base and convenient grocery/restaurant access underpin leasing
- Household growth within 3 miles expands the tenant base and supports occupancy stability
- Risk: accessible ownership alternatives may temper pricing power; focus on retention and value-add execution